Joinn Laboratories (China) Co (SHSE:603127) Days Payable : 17.65 (As of Mar. 2024)

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What is Joinn Laboratories (China) Co Days Payable?

Joinn Laboratories (China) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥42 Mil. Joinn Laboratories (China) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥218 Mil. Hence, Joinn Laboratories (China) Co's Days Payable for the three months ended in Mar. 2024 was 17.65.

The historical rank and industry rank for Joinn Laboratories (China) Co's Days Payable or its related term are showing as below:

SHSE:603127' s Days Payable Range Over the Past 10 Years
Min: 13.81 Med: 37.16 Max: 70.75
Current: 13.81

During the past 12 years, Joinn Laboratories (China) Co's highest Days Payable was 70.75. The lowest was 13.81. And the median was 37.16.

SHSE:603127's Days Payable is ranked worse than
92.2% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.48 vs SHSE:603127: 13.81

Joinn Laboratories (China) Co's Days Payable declined from Mar. 2023 (48.90) to Mar. 2024 (17.65). It may suggest that Joinn Laboratories (China) Co accelerated paying its suppliers.

Joinn Laboratories (China) Co Days Payable Historical Data

The historical data trend for Joinn Laboratories (China) Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Joinn Laboratories (China) Co Days Payable Chart

Joinn Laboratories (China) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.03

36.28

26.74

27.95

22.84

Joinn Laboratories (China) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															48.90	13.40	16.24	10.77	17.65

Competitive Comparison of Joinn Laboratories (China) Co's Days Payable

For the Diagnostics & Research subindustry, Joinn Laboratories (China) Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Joinn Laboratories (China) Co's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Joinn Laboratories (China) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Joinn Laboratories (China) Co's Days Payable falls into.

Joinn Laboratories (China) Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Joinn Laboratories (China) Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (127.309	+	43.323)	/	2 )	/	1363.701	*	365
=	85.316					/	1363.701	*	365
=	22.84

Joinn Laboratories (China) Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (43.323	+	41.09)	/	2 )	/	218.157	*	365 / 4
=	42.2065					/	218.157	*	365 / 4
=	17.65

Joinn Laboratories (China) Co Days Payable Related Terms

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Joinn Laboratories (China) Co (SHSE:603127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Joinn Laboratories (China) Co Ltd (SHSE:603127) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

06127:Hong Kong

Address

A5 Rongjing East Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

https://www.joinnlabs.com

Joinn Laboratories (China) Co Ltd is a non-clinical contract research organization(CRO) focused on drug safety assessment. It operates in three segments: Non-clinical studies services include drug safety assessment, drug metabolism & pharmacokinetics (DMPK) studies, & pharmacology & efficacy studies; Clinical trial & related services segment provides early-stage services such as clinical CRO services, co-managed phase I clinical research units, & bioanalytical services, and: Sales of research models engages in the design, production, breeding, & sales of research models, currently including non-human primates and rodents. The majority is from the Non- Clinical studies services. Its geographical segments are China, the United States, and Other countries, of which the majority is from China.

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